Business Standard

Letter to BS: The speed at which Oyo Rooms is moving should draw attention

Most surprising is that Oyo claims to be one of the largest hotel chains in the world with virtually negligible physical assets creation

OYO now plans big play in Indonesia, lines up $100-million investment

Business Standard
This refers to “Wrapped in mystery” by Nivedita Mookerji (July 25). The speed at which Oyo Rooms and its founder Ritesh Agarwal are moving should draw the attention of regulators, financial institutions, investors and above all, the appropriate wing of the government. The validity of the WhatsApp message talking about “another financial scam waiting to explode” may not be justified as of now due to lack of evidence and may be brushed under the carpet in days to come. The mystery behind the speed of growth is really adding one layer above another.

The name of one investor — Lightspeed Venture

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First Published: Jul 28 2019 | 10:22 PM IST

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